(1) Except as otherwise provided in Section 2-A-306, a creditor of a
lessee takes subject to the lease contract.
(2) Except as otherwise provided in subsection (3) and in Sections
2-A-306 and 2-A-308, a creditor of a lessor takes subject to the lease
contract unless the creditor holds a lien that attached to the goods
before the lease contract became enforceable.
(3) Except as otherwise provided in Sections 9--317, 9--321, and
9--323, a lessee takes a leasehold interest subject to a security
interest held by a creditor of the lessor.
Structure New York Laws
Part 3 - Effect of Lease Contract
2-A-301 - Enforceability of Lease Contract.
2-A-302 - Title to and Possession of Goods.
2-A-304 - Subsequent Lease of Goods by Lessor.
2-A-305 - Sale or Sublease of Goods by Lessee.
2-A-306 - Priority of Certain Liens Arising by Operation of Law.
2-A-308 - Special Rights of Creditors.
2-A-309 - Lessor's and Lessee's Rights When Goods Become Fixtures.
2-A-310 - Lessor's and Lessee's Rights When Goods Become Accessions.